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by the obama administration and those are the numbers that come out. >> that's a pretty volatile number and it may get thrown out. >> let's say the government, say in september the government hired 187,000 people and in august the government hired 417,000 people, that's 604,000 people the government hired in two months, that's the highest change in government employment since 1948. that's not the bls doing something. that's the government hiring people and then there was part-time, you saw how many part-time people there were suddenly in the report. >> it's people who want to be full time people. >> it lowers the unemployment rate. 114,000 was not a good number. >> no but wait a minute -- >> and jack is like being crucified for just tongue and cheek comment. >> this discussion you're having is over the heads of most american people, including me, okay? >> that's not a high bar for you. >> no, that's not a high bar but let me say this to you. there are people out there that haven't got jobs. there are people out there -- >> they know how they feel. >> exactly, and let's go beyond that. w
. >> coming up in a moment, steve wynn has been critical of the obama administration's handling of the economy, hypercritical, even passing on a $2 billion project that would have created 35,000 jobs because he, in his words, is afraid of the president and the way he thinks. he is our special guest, starting at 7:30. duff & phelps finds the sweet spot that powers sound decisions. duff & phelps financial advisory and investment banking services. between black and white answers... ...and 1,000 shades of grey duff & phelps finds the sweet spot that powers sound decisions. duff & phelps financial advisory and investment banking services. >>> comments, questions? send them to @squawkcnbc on twitter. follow the show, and look for updates from andrew, becky, joe and the "squawk" staff. "squawk box" on cnbc and on twitter. >>> when we return, we will be joined by steve wynn. he's going to talk to us about building a business and what it takes. this is a man who knows how to do that. he'll sound off on the race for the white house and still to come, we have heard from jpmorgan this morning. we're still
as when we started. if you go back four years ago the month that the obama/biden administration was sworn into office we lost 720,000 jobs. and people talk about the recovery act but the month the recovery act passed, we hit bottom in terms of jobs, we now created 5.1 million new jobs. the other thing, becky, and you know the stock market, what was the month that the stock market hit bottom and started up again, the month we passed the stimulus bill. we have a long way to go. what's amazing to me, we have taken a major attack to our heart, second worst economic crisis since -- the first since the great depression and you just don't walk away from that and i think that we're still going away but i think this administration has done a lot and frankly when you look at what the governor and the congressman are promoting it's the same thing that really got us into this thing in the first place. >> senator, we have erskine bowles and alan simpson who are going to be interviewed by steve liesman today. >> yes, yes. >> what do you think about bowles-simpson and do you think it works its way into
the bigger banks being held accountable. >> helps the obama administration too. >> well, definitely a political win in that sense. been begging for someone to walk out. >> none of this is what i think people really care or know about and when they look at the details, they don't understand it well enough. eventually that's the cheaper way to go. >> we know that they would never do anything, you know, deliberately to try and get reelected. >> you want to get the congresswoman? >> no, no. never do that. not to the chicago guys. in the old days, remember the kennedy -- used to buy votes and unions. >> he said he didn't want his father to buy a landslide. >> in west virginia. >> in west virginia. >> yes. >> that's where i'm from. >> in the '60s, you did it the right way. not all this subterfuge. >> congresswoman, thank you very much. >> thank you very much. >>> when we come back, could one senator push the u.s. over the fiscal cliff? we have a comment you can't afford to miss right after this. maybe new buildings? what about updated equipment? they can help, but recent research shows...
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